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SCHRAM v. SCHWARTZ

No. 20.

68 F.2d 699 (1934)

SCHRAM v. SCHWARTZ.

Circuit Court of Appeals, Second Circuit.

January 8, 1934.

Attorney(s) appearing for the Case

Morton Lexow, of Suffern, N. Y. (Alton W. Teale, of Suffern, N. Y., of counsel), for defendant-appellant.

Edward A. Smarak, of Union City, N. J. (Hugh S. Williamson and Breed, Abbott & Morgan, all of New York City, of counsel), for plaintiff-appellee.

Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.

AUGUSTUS N. HAND, Circuit Judge (after stating the facts as above).

The receiver of the National Bank of North Hudson was appointed under the power given to the Comptroller of the Currency by the National Banking Act (U. S. Code, title 12, § 191 [12 USCA § 191]) to appoint a receiver whenever "satisfied of the insolvency of a national banking association * * * after due examination of its affairs * * *." The same act authorizes the receiver "under the direction...

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